Grandeur Peak Global Advisors LLC Takes Position in Apollo Global Management, Inc. (NYSE:APO)

Grandeur Peak Global Advisors LLC acquired a new stake in Apollo Global Management, Inc. (NYSE:APO) in the first quarter, Holdings Channel.com reports. The firm acquired 14,082 shares of the financial services provider’s stock, valued at approximately $662,000.

Several other hedge funds have also recently added to or reduced their stakes in APO. AGF Investments LLC bought a new position in shares of Apollo Global Management in the first quarter valued at approximately $31,000. SOA Wealth Advisors LLC. bought a new stake in Apollo Global Management during the first quarter valued at approximately $50,000. TCTC Holdings LLC bought a new stake in Apollo Global Management during the first quarter valued at approximately $59,000. NuWave Investment Management LLC lifted its position in Apollo Global Management by 118.1% during the first quarter. NuWave Investment Management LLC now owns 1,551 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 840 shares during the last quarter. Finally, US Bancorp DE lifted its position in Apollo Global Management by 20.9% during the first quarter. US Bancorp DE now owns 1,900 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 329 shares during the last quarter. Institutional investors own 78.03% of the company’s stock.

APO has been the subject of several research analyst reports. Morgan Stanley lifted their target price on shares of Apollo Global Management from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Tuesday, July 13th. Oppenheimer raised shares of Apollo Global Management from a “market perform” rating to an “outperform” rating and set a $59.00 price target on the stock in a research note on Tuesday, April 20th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Apollo Global Management from $49.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, May 5th. Finally, TheStreet raised shares of Apollo Global Management from a “c+” rating to a “b” rating in a research note on Tuesday, May 4th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $62.64.

In related news, insider Joshua Harris sold 447,272 shares of the company’s stock in a transaction dated Monday, July 19th. The shares were sold at an average price of $55.91, for a total value of $25,006,977.52. Following the transaction, the insider now owns 1,350,000 shares in the company, valued at approximately $75,478,500. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director A B. Krongard purchased 2,135 shares of the company’s stock in a transaction that occurred on Monday, May 24th. The stock was purchased at an average price of $57.37 per share, for a total transaction of $122,484.95. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 1,755,925 shares of company stock worth $102,829,396. Insiders own 9.30% of the company’s stock.

Shares of NYSE APO traded down $0.17 during mid-day trading on Thursday, hitting $57.96. The stock had a trading volume of 7,772 shares, compared to its average volume of 3,002,397. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.45. Apollo Global Management, Inc. has a 1 year low of $36.35 and a 1 year high of $64.45. The business’s 50 day moving average price is $58.80. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 7.69 and a beta of 1.63.

Apollo Global Management (NYSE:APO) last issued its earnings results on Monday, May 3rd. The financial services provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.58 by $0.08. The company had revenue of $512.94 million for the quarter, compared to the consensus estimate of $502.99 million. Apollo Global Management had a net margin of 29.94% and a return on equity of 17.46%. During the same period in the previous year, the firm earned $0.52 earnings per share. On average, sell-side analysts predict that Apollo Global Management, Inc. will post 3.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Shareholders of record on Thursday, May 20th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date was Wednesday, May 19th. Apollo Global Management’s payout ratio is currently 99.01%.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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